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AAP
AAP
Business
Poppy Johnston

FOUND: Australian banks cop industry wide outages - You Need To See This

ANZ Westpac
Big banks including ANZ, Commonwealth and Westpac have been affected by a fund transfer outage. (Dean Lewins/AAP PHOTOS) (AAP)

The Reserve Bank has admitted a technical error caused a temporary industry-wide bank payment transfer outage that left customers in the lurch.

The central bank said the system that allows customers to transfer money rapidly between banks, known as Osko, experienced an "internal engineering issue" on Wednesday night.

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